Kashable, a fast-growing FinTech company, has secured $60.0 million in new investment capital. This funding round underscores the company's continued momentum in redefining financial wellbeing for working Americans through its employer-sponsored financial wellness platform.
Founded in 2013, Kashable provides inclusive, socially responsible, and affordable credit to employees as a voluntary benefit. The company integrates seamlessly into employer-sponsored benefits and payroll systems, allowing eligible employees to access fair, low-cost financing online in minutes, with convenient repayment directly through payroll deductions. This approach empowers employees with responsible financial solutions while helping employers support their workforce's financial health.
Kashable has established itself as a leading provider of workplace financial wellness solutions. Prior to this latest round, the company had raised over $400 million in capital and facilitated more than $1.5 billion in loans to working Americans. Its network of employer clients represents over 4 million employees, including numerous Fortune 500 companies, government entities, hospitals, and universities.
The $60.0 million in new capital will be strategically deployed to accelerate Kashable's growth initiatives. This includes further enhancing its innovative technology platform, expanding its market reach, and scaling operations to serve a greater number of employees and employer partners across the 40+ states and jurisdictions where it is licensed.
Looking ahead, Kashable remains dedicated to its mission of building the future of financial wellness at work. The company aims to continue empowering employees with holistic financial solutions and supporting employers in fostering a financially secure workforce.
